About the company
Computer age management services provide services to mutual funds and other financial institutions. They are a technology-driven financial infrastructure with over two decades of experience. It is India’s largest registrar and transfer agent of mutual funds with an aggregate market share of 69.4% based on mutual fund average assets under management (“AAUM”) managed by their clients and serviced by them during November 2019, according to the CRISIL Report.
Their mutual fund clients include four of the five largest mutual funds as well as nine of the 15 largest mutual funds based on AAUM during November 2019
As of July 2020, they serviced ₹19.2 trillion of AAUM of 16 mutual fund clients, according to the CRISIL Report.
The AUM has risen at a CAGR(Compounded annual growth rate) of 17.4%, from ₹1.1 trillion as on March 31, 2000 to ₹23.8 trillion as on March 31, 2019.
The industry’s growth came against the backdrop of an expanding domestic economy, robust inflows and increased participation, especially by individual investors.
Between financial year 2014 and financial year 2019, the industry witnessed a net inflow of ₹9.6 trillion. The strong growth of the mutual fund industry can largely be attributed to higher financial savings combined with growing investor awareness of such products.
The following table sets forth the individual market share of the top AMCs for the periods indicated:
|Fund houses||Total AAUM (March 2019) (₹ billion)||Total AAUM market share (March 2019) (%)|
|HDFC Mutual Fund||3425||14%|
|ICICI Prudential Mutual Fund||3213||13.1%|
|SBI Mutual Fund||2841||11.6%|
|Aditya Birla Sun Life Mutual Fund||2467||10.1%|
|Nippon India Mutual Fund||2343||9.6%|
|Total (Top 5)||14289||58.4%|
|UTI Mutual Fund||1597||6.5%|
|Kotak Mahindra Mutual Fund||1503||6.1%|
|Franklin Templeton Mutual Fund||1199||4.9%|
Great Terrain Investment Ltd is the promoter of the company.
a. Largest Infrastructure and Services Provider in a Large and Growing Mutual Funds Market
b. Integrated Business Model and Longstanding Client Relationships with Mutual Funds Services Business
Dinesh Kumar Mehrotra : Chairman and Independent Director
He is an Indian businessperson who has been the head of 11 different companies. Non-Executive Chairman of UTI Asset Management Co. Ltd., Chairman of Metropolitan Stock Exchange of India Ltd., Chairman of LIC HFL Care Homes Ltd. and Chairman of LIC Sri Lanka Ltd. Dinesh Kumar Mehrotra is also on the board of 8 other companies
Anuj Kumar is the Whole time Director and CEO
Objective of the offer
(i) To carry out the Offer for Sale of up to 18,246,600 Equity Shares by the Selling Shareholder;
(ii) achieve the benefits of listing the Equity Shares on the BSE
Market share as percentage in the industry.
|IPO date||Sep 21 – Sep 23 (2020)|
|Issue size||2,244 Cr(18,246,600 Eq shares)|
|Listing price band||1229 -1230 per equity share|
|Face value||10 Rs|
|1 Lot size||12 shares|
|Minimum quote||14,760 Rs|
|Maximum quote||1,91,880 Rs|
|Listing in||BSE only|
|Offer opens on||Sep 21, 2020|
|Offer closes on||Sep 23, 2020|
|Credit of shares in demat account||Oct 30,2020|
|Listing date||Oct 1, 2020|
To invest in this IPO you need a Demat and Trading account and UPSTOX which is entrusted by Ratan Tata is one of the leading provider of Demat and Trading in a single account. Opening of demat account doesn’t take more than 5 min of your time. Click the link to open free demat account with Upstox.
If you have any doubt about how to open an account please feel free to whatsapp me (8919251188).